Australia: Market for Talcum and Cosmetic Powder 2024

Market Size for Talcum and Cosmetic Powder in Australia

The Australian talcum and cosmetic powder market soared to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable slump. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Production of Talcum and Cosmetic Powder in Australia

In value terms, talcum and cosmetic powder production contracted to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Talcum and cosmetic powder production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Talcum and Cosmetic Powder

Exports from Australia

After three years of growth, shipments abroad of talcum and cosmetic powder decreased by X% to X tons in 2023. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then declined notably in the following year.

In value terms, talcum and cosmetic powder exports dropped remarkably to $X in 2023. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

New Zealand (X tons) was the main destination for talcum and cosmetic powder exports from Australia, with a X% share of total exports. It was followed by the UK (X tons), with a X% share of total exports. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for talcum and cosmetic powder exports from Australia, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

Export Prices by Country

The average talcum and cosmetic powder export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Talcum and Cosmetic Powder

Imports into Australia

In 2023, purchases abroad of talcum and cosmetic powder increased by X% to X tons, rising for the third consecutive year after four years of decline. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, talcum and cosmetic powder imports soared to $X in 2023. Over the period under review, total imports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Italy (X tons) and China (X tons) were the main suppliers of talcum and cosmetic powder imports to Australia, with a combined X% share of total imports. France, Thailand, Canada, Poland and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest talcum and cosmetic powder suppliers to Australia were the United States ($X), Italy ($X) and China ($X), together accounting for X% of total imports.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average talcum and cosmetic powder import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Italy ($X per ton), while the price for Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform